A sum of Rs. 468000 amounts to Rs. 655200 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 468000 amounts to Rs. 655200 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 187200. R = (187200 × 100)/(468000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 4005000 amounts to Rs. 5607000 in 4 years at simple interest. The rate is

A. 8%

B. 10%

C. 12%

D. 9%

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Correct Answer: Option B

Explanation:
SI = 1602000. R = (1602000 × 100)/(4005000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 36000 for 2 years at 11% per annum is

A. Rs. 7720

B. Rs. 8120

C. Rs. 8320

D. Rs. 7920

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Correct Answer: Option D

Explanation:
SI = (36000 × 11 × 2)/100 = 7920.

This question belongs to: Maths Simple Interest

Question #3

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The principal that gives Rs. 75600 interest in 6 years at 7% SI is

A. Rs. 178000

B. Rs. 180000

C. Rs. 179000

D. Rs. 181000

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Correct Answer: Option B

Explanation:
P = (75600 × 100)/(7 × 6) = 180000.

This question belongs to: Maths Simple Interest

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